Higher and volatile food prices and poor rural people

Food price trends have a major impact on food security,
at both household and country levels. Many of the world’s
poorest people spend more than half their income on food.
Price hikes for cereals and other staples can force them
to cut back on the quantity or quality of their food.
This may result in food insecurity and malnutrition,
with tragic implications in both the short and long term.
Undernourishment increases disease and mortality, lowers
productivity and can have severe lifelong effects, particularly
for children. Price spikes can also limit the ability of poor
households to meet important non-food expenses, such
as education and health care. When they occur globally,
price hikes can affect low-income, food importing
countries, putting pressure on their limited financial
resources. Higher food prices have a particularly negative
impact on food security when prices spike suddenly or
reach extremely high levels.